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Feb 6, 2013
02/13
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in particular, president clinton, and he and i during the time i was both omb director and then as his chief of staff, would spend many hours of conversation talking about his experience as a southern baptist getting a catholic education. he talked about it a lot. and also during my time, obviously in the obama administration, i greatly benefited from many of the georgetown graduates. i had the honor to have someone as my chief of staff, jeremy bash, who graduated from georgetown, served as my chief of staff at the cia and followed me to the pentagon as my chief of staff. and also someone who is head of public affairs at the pentagon, george little, who is also someone who both graduated and later taught here at georgetown. talented, young individuals who have been at my side every day for the last four years at both the cia and the pentagon. and i'm deeply grateful for fore work on behalf of me and on behalf of the nation. and i'm deeply grateful to georgetown for training such extraordinary public servants. and speaking of extraordinary public servants, i think many in this audience
in particular, president clinton, and he and i during the time i was both omb director and then as his chief of staff, would spend many hours of conversation talking about his experience as a southern baptist getting a catholic education. he talked about it a lot. and also during my time, obviously in the obama administration, i greatly benefited from many of the georgetown graduates. i had the honor to have someone as my chief of staff, jeremy bash, who graduated from georgetown, served as my...
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Feb 7, 2013
02/13
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president, i rise today to honor one of our nation's true heroes, army staff sergeant clinton romashay. on monday, the president will present sergeant romashay with our country's highest military award, the medal of honor, for -- quote -- acts of gallantry above and beyond the call of duty, end of quote. clint comes from a long line of military heroes. his father is a veteran of the vietnam war. his grandfather fought in the u.s. army during world war ii. romashay often cites his grandfather as his greatest hero. it wasn't surprising that clint followed his example in joining the army in 1999. staff sergeant romashay showed courage every day that he donned his army uniform, but especially on october 3, 2009, one of the deadliest days of the war in afghanistan. on that day, hundreds of taliban fighters ambushed american combat outposts from all sides with grenades, machine guns, mortars and rifles. heavily outnumbered, clint and his fellow soldiers quickly fought back in what would turn out to be a deadly day-long battle. sergeant romashay fought valiantly. he darted into danger to draw
president, i rise today to honor one of our nation's true heroes, army staff sergeant clinton romashay. on monday, the president will present sergeant romashay with our country's highest military award, the medal of honor, for -- quote -- acts of gallantry above and beyond the call of duty, end of quote. clint comes from a long line of military heroes. his father is a veteran of the vietnam war. his grandfather fought in the u.s. army during world war ii. romashay often cites his grandfather as...
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Feb 15, 2013
02/13
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actually, during the clinton years -- which you served -- the average spending level was 19.8%. under the obama administration it's been 24.4% while revenue has been at 15%. hence, the 9-10% deficit difference between revenue that's brought in and the amount of money the federal government keeps spending which is, obviously, borrowed money. in our meeting in my office, you declined to identify what you would consider to be an appropriate target for federal spending. are you prepared to do so today? do you think that the 40-year average norm of 20% roughly is appropriate, or do you think the new normal should be what it currently is under the obama administration, 24.4%? >> senator, i don't think with the current situation's a new normal. we're at the end of a recovery from a very deep recession where we've had extremely, extreme reductions in revenue because of economic activity and more spending because of economic conditions. what i do believe is that as we look ahead we have to recognize what's driving costs. what's driving spending is that there are 30 million more people wh
actually, during the clinton years -- which you served -- the average spending level was 19.8%. under the obama administration it's been 24.4% while revenue has been at 15%. hence, the 9-10% deficit difference between revenue that's brought in and the amount of money the federal government keeps spending which is, obviously, borrowed money. in our meeting in my office, you declined to identify what you would consider to be an appropriate target for federal spending. are you prepared to do so...
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Feb 6, 2013
02/13
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you're getting in second-hand, but one of our friends, a deputy assistant secretary treasury in the clinton administration tells a story about killing and beating up with larry summers. the administration wanted to give money to subsidize school construction. if anything sounds like an expenditure item it is financing school construction, and the issue was that the tax paper said we really should add this to the tax code. larry summers was saying, the only way we can get it, they jiggered fancy school construction bond that was a deduction and all sorts of ways to make this a tax cut rather than a spending increase because they thought they could get it through congress that way. that is part of what is going on is this gaming of whether something is a spending and more tax cut leading to a lot of distortions which are separate from the issue over the you want to do the particular subsidy or the particular item in question. >> to you want to weigh in? >> in our annual report remade the complexity of the cut the number one most serious problem for taxpayers. we made the point that one person
you're getting in second-hand, but one of our friends, a deputy assistant secretary treasury in the clinton administration tells a story about killing and beating up with larry summers. the administration wanted to give money to subsidize school construction. if anything sounds like an expenditure item it is financing school construction, and the issue was that the tax paper said we really should add this to the tax code. larry summers was saying, the only way we can get it, they jiggered fancy...
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Feb 26, 2013
02/13
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are needed, very much in line with what we had when we had four balanced budgets in a row under the clinton administration. those were the first balanced budgets we had in a long time. second thing we need do is entitlement program refortunately. we need -- over half our money we spend is on entitlements. is this possible -- the president says we need entitlement reform that saves money, doesn't savage old people, poor people, and that makes sure these rams are around for future generations? that'generations. that's number two. the third thing is we need to save money in everything we do. including defense. i am told and i would -- i am going to looker to senator levin, chairman of the committee, toward the ranking member, senator inhofe, i just got asked a rhetorical question. i recall hearing not long ago that we spend more aes a nation for defense -- i say this as a 23-year veteran, navy flight officer -- but i am told we spend as much money for defense as maybe the next five, six, seven nations combined. five, six, seven nations combined. as important as it is for our next secretary of
are needed, very much in line with what we had when we had four balanced budgets in a row under the clinton administration. those were the first balanced budgets we had in a long time. second thing we need do is entitlement program refortunately. we need -- over half our money we spend is on entitlements. is this possible -- the president says we need entitlement reform that saves money, doesn't savage old people, poor people, and that makes sure these rams are around for future generations?...
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Feb 27, 2013
02/13
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director -- president clinton's o.m.b. director, she also complimented the effort, but president obama and jack lew trashed it and politically spent two years campaigning against it while the members of this body refused to bring forth a budget at all. not the senate democrats. oh, no, senator reid said it would be foolish for us to bring forth a budget. today marks the 1,400th day since this body has passed a budget, passing a budget in the congress is required by the united states code. unfortunately, it doesn't put people in jail if they don't do their duty. but it's in there. it was failed to do. so mr. lew has been really loose, really made statements that are not justifiable. they are just not justifiable. for example, on february 15, two days after this, being interviewed by national public radio, he said if we are able to reduce the deficit to the point where we can pay for our spending and invest in the future, that is an enormous accomplishment, this budget has specific proposals that would do that. it does not.
director -- president clinton's o.m.b. director, she also complimented the effort, but president obama and jack lew trashed it and politically spent two years campaigning against it while the members of this body refused to bring forth a budget at all. not the senate democrats. oh, no, senator reid said it would be foolish for us to bring forth a budget. today marks the 1,400th day since this body has passed a budget, passing a budget in the congress is required by the united states code....
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Feb 11, 2013
02/13
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we only raised them to the rate where it was under president clinton when the economy was booming, but we did that and we should look no further. the problem with that analysis is that only looks at the revenue that's actually collected. it doesn't look at the loopholes. it doesn't look at the tax expenditures either on the individual side or on the corporate side. now, it's also worth noting that if you add these two up and you get $2.1 trillion, or more likely on the corporate side if you add these up and you get $338 billion, there's more money out there that that doesn't count. that's the money that never shows up for taxation in the first place because it's been hidden off in loophole -- in off shore tax refuges. people have pretended that their income is in funds in the cayman islands. they have pretended that their intellectual property is in a five-person office in ireland. there are a lot of gimmicks by which money never even gets into this calculation. so when you look at the pain that the sequester is going to cause, it makes a lot of sense to look at the tax expenditures wh
we only raised them to the rate where it was under president clinton when the economy was booming, but we did that and we should look no further. the problem with that analysis is that only looks at the revenue that's actually collected. it doesn't look at the loopholes. it doesn't look at the tax expenditures either on the individual side or on the corporate side. now, it's also worth noting that if you add these two up and you get $2.1 trillion, or more likely on the corporate side if you add...
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Feb 4, 2013
02/13
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that's what it was under president clinton when we balanced the federal budget, balanced the federal budget. we actually had surpluses. and our economy was growing, job growth, moving in the right direction. well, our revenues have dipped to about 15% of our economy, so we're not anywhere near with as much revenue as we need in order to have a balanced approach that allows for job growth. and yes, our spending is too high, particularly on what we call the mandatory side. we agree with that. you look at our health care costs in this country, they are much higher than any other nation in the world, and we don't have the health results that would demonstrate why we're spending so much more. we need a more efficient system. that's why a lot of us supported the affordable care act because we see in it delivery system reform that will make our health care system more efficient, bring down the cost of hospital care by reducing readmissions, bring down the cost of hospital care by reducing hospital infection rates, bring down the cost of high-cost interventions by dealing with people with co
that's what it was under president clinton when we balanced the federal budget, balanced the federal budget. we actually had surpluses. and our economy was growing, job growth, moving in the right direction. well, our revenues have dipped to about 15% of our economy, so we're not anywhere near with as much revenue as we need in order to have a balanced approach that allows for job growth. and yes, our spending is too high, particularly on what we call the mandatory side. we agree with that. you...
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Feb 4, 2013
02/13
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i was in low intensity conflicts and the dirty little wars happening in the 1990s in the clinton administration. my time tour was at the school of infantry, and when i showed up there, it was like a welcome back scenario, going through the private, coming back as a captain, so there was a company commanded infantry training unite, and sort of complete the circle of life in the "lion king" sense i guess. i got assigned to a battalion that trains noninfantry nonspecialty combat skills. every marine is a rifleman regardless your job. prepare to pick up your weapon or launch an assault regardless of your contract job. i showed up, half the unit was made upof
i was in low intensity conflicts and the dirty little wars happening in the 1990s in the clinton administration. my time tour was at the school of infantry, and when i showed up there, it was like a welcome back scenario, going through the private, coming back as a captain, so there was a company commanded infantry training unite, and sort of complete the circle of life in the "lion king" sense i guess. i got assigned to a battalion that trains noninfantry nonspecialty combat skills....
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Feb 14, 2013
02/13
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even president clinton, even al gore when he was vice president talked about the transition that we have to go through. i see this pipeline as a transition. it's giving us oil from one of our closest, most dependable and friendliest of all allies, canada, as opposed to pushing us over the next five or ten years to continuing to do business with countries that do not share our values like the leadership, unfortunately, in venezuela today or the problems with countries in the northeast, even the saudis who we respect in some ways do not have the same value system as the united states. we would much rather -- at least my constituents would much rather deal with canada and mexico. not only are they better allies, but for louisiana, we like working in canada. it's a little closer to home. we like working in mexico. and since many of these workers on these rigs and in this business come from louisiana and texas, let me be crystal clear. my colleagues that are helping on this are absolutely right. the people of louisiana would like to work in canada where the environmental protections are there
even president clinton, even al gore when he was vice president talked about the transition that we have to go through. i see this pipeline as a transition. it's giving us oil from one of our closest, most dependable and friendliest of all allies, canada, as opposed to pushing us over the next five or ten years to continuing to do business with countries that do not share our values like the leadership, unfortunately, in venezuela today or the problems with countries in the northeast, even the...